Bond Snaps Up Six-Year-Old Gowi in $17.5 Million Deal
The two companies aim to provide integrated software for HR, payroll.
Comments 0 | Recommend 0
Bond Adds Recruiter: Bond International Software, makers of a recruitment
software product named Adapt, is acquiring Gowi Group of London for $17.5
million. Bond will pay $10 million in cash and issue $7.1 million worth of stock
for the remainder. Six-year-old Gowi posts annual revenue of $11.2 million and
employs about 140 people. Billing it as the largest transaction in its history,
Bond said Gowi’s top management will stay on to help integrate the two
companies’ offerings for recruitment, HR and payroll systems. Gowi, which
originally launched in 2001, has made several acquisitions of its own. Most
recently, Gowi acquired Rutherford Webb, an HR and payroll services company in
Surrey, England, for $6.75 million last April.
Next Article: 3. Watson Wyatt Eyes Brans & Co.
The buyback of its alliance partner would continue a string of deals for the Washington-based HR consultancy.
Reproductions and distribution of the above article are strictly prohibited. To order reprints and/or request permission to use the article in full or partial format, please contact our Reprint Sales Manager at (732) 723-0569.
Comments
Guidelines: Comments that include profanity or personal attacks or other inappropriate comments or material will be removed
from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies
or any other policies governing this site. You are fully responsible for the content you post.
= Member Only
